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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (73380)	7/13/2001 1:58:18 PM
From: E. Graphs	Respond to of 116760

Another difference between 1999 and now is that the Nasdaq is in a downtrend, and this is a bear market rally within a downtrend, imho. finance.yahoo.com^IXIC&d=c&k=c2&a=v&p=m50,m200,m100&t=5y&l=on&z=m&q=l

To: E. Graphs who wrote (73380)	7/13/2001 2:01:39 PM
From: gold$10k	Read Replies (2) \| Respond to of 116760

E. Graphs, you make a good point. Gold's 50 DMA crossed its 200 DMA to the upside in mid-June. Except for the 1999 spike, this is the only time this has happened in the last 5 years and probably not since 1993 (Stockcharts.com doesn't show the POG prior to 1996).

To: E. Graphs who wrote (73380)	7/13/2001 2:39:54 PM
From: E. Graphs	Respond to of 116760

In response to a PM to describe the diamond in gold, and for any others who don't normally read charts, I will post my explanation here: The start of the gold diamond is Oct/98 and the lows and highs of 99 are the top and bottom of that diamond. Look at the chart and you will see a diamond shape if you connect the points from October 98 to the highs and lows of 99 and then the recent point at 266 here of late. This is called a diamond reversal because these diamond formations occur when prices consolidate and then typically reverse the trend, up from down, down from up. It is with GREAT curiosity that I have been following the exact formation forming in the Dow (from 1999 to 2001), except the Dow's diamond has formed at what looks like a top. In time we shall see how these two unfold. As for measurements, imo a successful b/o will take POG to 348 and possibly higher. Diamonds typically signal a reversal, and the trend once reversed can continue indefinitely. I believe I am the only one who has noticed this pair of diamonds and so have point it out here on the GPM thread for discussion. siliconinvestor.com stockcharts.com[h,a]diclyymy[d19900101,20010713][pb50!b100!b200!f][vc60][iLb14!Lh14,3!La12,26,9!Lo14]